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What is Remittances Regulation Hearing Summary about?

This document is the transcript from a June 3, 2009 hearing before the House Subcommittee on Financial Institutions and Consumer Credit regarding remittances. The hearing examined issues related to consumer access to remittance services, the costs and transparency of sending remittances, and the need for further regulation of the remittance industry. Opening statements were made noting that remittances sent to developing countries have grown significantly and now rival foreign aid amounts, with over $305 bi

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Scribd Government Docs

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EN